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Michaela Zee Paramount Global has decided to no longer sell a majority stake in its BET Media Group. According to The Wall Street Journal, the company announced Wednesday that it would end the bidding process for the unit — which includes VH1 and BET Studios, streamer BET+ and the BET channel —because “a sale wouldn’t result in any meaningful deleveraging of its balance sheet, the people said.” Paramount Global had received bids ranging from approximately $2 billion to $3 billion.

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‘Our Words Collide,’ Poetry-Themed Documentary From EP Rosario Dawson, Unveils Freestyle Release Date, First Look Clip – Update

UPDATED, 1:01 p.m.: Freestyle Digital Media has set an April 23rd release date for its poetry-themed documentary Our Worlds Collide, executive produced by Rosario Dawson, also unveiling a first look clip, which you can find above.

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Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.

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Paramount Global Stock Pops On Apollo’s Reported $11 Billion Bid For Studio

Shares of Paramount Global popped in afternoon trade on a report that Apollo Global has made an $11 billion bid for the company’s film and TV studio. The private equity giant has been in and out of the mix of suitors, which also include David Ellison‘s Skydance Media and Byron Allen.

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Apollo Distancing Orbit From National Amusements Buyout As The Pursuit Of Paramount Global Continues – The Dish

EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.

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DGA Awards Host Judd Apatow Takes On Dual Strikes, Fran Drescher As “The Voice Of Reason”, M&As & Byron Allen In Opening Monologue Cut Off To Press Room

Refresh for more. If there’s a holy grail of awards opening monologues, it’s Judd Apatow‘s at the DGA Awards.

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Byron Allen’s Allen Media Group Names Six Senior Execs to Board of Directors

Todd Spangler NY Digital Editor Byron Allen’s Allen Media Group expanded its board of directors from the original trio to a new total of nine board members, effective immediately. The board of Allen Media (originally called Entertainment Studios when it was founded in 1993) has comprised founder, chairman and CEO Byron Allen, film producer Carolyn Folks (Allen’s mother) and chief operating officer Terence Hill.

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Byron Allen Resubmits $3.5 Billion Bid For Paramount Global’s BET, VH1

Deadline has confirmed that Byron Allen is taking another run at BET Media Group in a $3.5 billion bid sent to Paramount Global for BET and VH1. The offer followed a report that Paramount is in talks to sell BET to a management-led investor group.

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Byron Allen Offers to Buy BET From Paramount Global for $3.5 Billion

Todd Spangler NY Digital Editor Media mogul Byron Allen has renewed his attempt to acquire BET Media Group from Paramount Global — extending a $3.5 billion offer. On Tuesday, Allen, who is founder and CEO of Allen Media Group, emailed Paramount Global senior executives and board, offering $3.5 billion for BET Media Group, which includes the BET cable channel, VH1, BET Studios and streaming service BET+, sources familiar with the situation confirmed to Variety.

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Byron Allen on Continuing to Make ‘Strategic Acquisitions’ in Television: ‘I Haven’t Yet Done What I Set Out to Do’

Stuart Miller When Byron Allenwas just 14, he started doing stand-up comedy. Four years later, in 1979, he became the youngest comedian to appear on “The Tonight Show Starring Johnny Carson.” It was a launching pad for an entertainment career that included a stint on “Real People,” a lead role in “Case Closed,” a TV movie he co-wrote and a syndicated late-night show bearing his name. But all along, Allen had his eyes on a much bigger prize.

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‘Funny You Should Ask’ Game Show Set For CBS Primetime Airings

What’s CBS doing in primetime next weekend? Funny You Should Ask.

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‘Byron Allen Presents theGrio Awards’ Special Gets CBS Premiere Date; Honorees Include Mariah Carey, Denzel Washington, Eddie Murphy, Don Cheadle, Misty Copeland

Byron Allen Presents theGrio Awards special, honoring African American excellence, is returning to CBS for its second year. Co-hosted by The Talk‘s Sheryl Underwood and comedian Roy Wood, with honorees including Mariah Carey, Don Cheadle and Misty Copeland, the event will air on Saturday, November 25 from 8-10 PM on CBS and will stream live on Paramount+.

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Freestyle Digital Media Acquires Documentary ‘Still A Black Star’ For November Release

EXCLUSIVE: Byron Allen’s Freestyle Digital Media has picked up the North American VOD rights to Emmy winning filmmaker Kern Konwiser’s documentary, Still a Black Star about Japanese artist and environmental activist Mago Nagasaka.

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Byron Allen Says Buying ABC Would Be a ‘Real Possibility,’ Vows to ‘Chase It Down’ When Disney Is Ready

Jaden Thompson After making it known in September that he’s interested in acquiring ABC from Disney for a price tag of $10 billion, Byron Allen assures Variety he still has his eyes set on ABC and promises he’s ready play ball when Disney is ready to sell. “I think ABC’s a real possibility. They say they’re not ready,” Allen said at the UCLA Department of Neurosurgery’s Visionary Ball on Wednesday night.

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Allen Media Group’s Byron Allen Reaffirms His Plan to Bid $10 Billion for Disney Linear TV Assets

Andrew Wallenstein President and Chief Media Analyst Allen Media Group CEO/founder/chairman Byron Allen reaffirmed his interest Wednesday in bidding $10 billion for TV brands from Disney, citing his experience with similar assets in his own portfolio. “I think broadcast television and linear channels, I think is a great business,” he said in a Q&A at the Code conference in Laguna Niguel, Calif.

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Byron Allen On His $10B Offer For ABC And Other Disney Networks: “Capital’s Not An Issue”, But Bob Iger “Is Not Ready” Yet To Pursue Linear Sale

Media entrepreneur Byron Allen, one of many parties interested in acquiring ABC and other linear TV assets from Disney, said he has “access to plenty of capital,” and Disney’s internal deliberations are the next hurdle to be cleared.

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‘More Than That With Gia Peppers’ Jumps from Podcast to TV With Dentsu Backing

Brian Steinberg Senior TV Editor People have been able to hear Gia Peppers talk about big issues for years. Now they’ll be able to see her when she does. Peppers issues-focused podcast “More Than That with Gia Peppers” is expanding to video this year, with a four-episode limited run on the Revolt cable network that debuts Tuesday evening.

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‘Our Words Collide,’ Poetry-Themed Documentary From EP Rosario Dawson, Lands At Freestyle Digital Media

EXCLUSIVE: Byron Allen’s Freestyle Digital Media has acquired North American VOD rights to Our Words Collide, a poetry-themed documentary executive produced by Rosario Dawson that will be released in early 2024.

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Disney Pushes Back on ABC Sale Reports, Says Company ‘Has Made No Decision’ Yet

BreAnna Bell Disney has responded to reports claiming the company is in early talks to sell its ABC network and TV stations, saying the company “has made no decision” on it yet. “While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the statement reads.

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‘For All Mankind’ Season 4 Teaser Pitches Careers on Mars as Apple TV+ Alt History Drama Hits the Year 2000 (TV News Roundup)

For All Mankind,” which is set to make its release via the streamer on Nov. 10. “Rocketing into the new millennium in the eight years since Season 3, Happy Valley has rapidly expanded its footprint on Mars by turning former foes into partners.

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Byron Allen’s ‘Comics Unleashed’ Joins CBS’ Fall Late Night Lineup For Limited Run (TV News Roundup)

McKinley Franklin editor “Comics Unleashed with Byron Allen” has been acquired by CBS to temporarily take over the 12:37 a.m. timeslot vacated by “The Late Late Show with James Corden.” That timeslot will eventually be replaced with a new version of the former Comedy Central series “@midnight” — but after the Hollywood strikes are resolved. For now, “Comics Unleashed” will fill the slot in a limited run with nightly airings beginning on Monday, Sept.

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‘Comics Unleashed With Byron Allen’ Joins Fall CBS Late-Night Line-Up

Long-running syndicated comedy talk show Comics Unleashed With Byron Allen is joining the CBS fall late-night lineup for a limited run during the strikes. The show will air nightly with two back-to-back episodes each night beginning Monday, September 18 from 12:37-1:37 AM, ET/PT following repeats of The Late Show with Stephen Colbert on the CBS network and streaming on Paramount+. The Late Late Show formerly aired in the timeslot. All late-night shows have been airing repeats since the strikes began.

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‘Our Words Collide,’ Poetry-Themed Documentary From EP Rosario Dawson, Unveils Freestyle Release Date, First Look Clip – Update

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